2180 Mendon RdCumberland, RI 02864

Property Details for 2180 Mendon Rd

Year built

1965

Property size (Sq ft)

9,187 SF

Zone code

C-2

Property type

Office properties

APN

CUMB M:033 B:0420 L:00B

APU

CUMBM033B0420L00B

Description

This exceptional office building, situated at 2180 Mendon Road in Cumberland, Rhode Island, presents a compelling investment opportunity. Priced at $17.25 million, the property boasts a substantial 30,000 square foot lot and comprises one building within a complex of four. Constructed in 1985, the building enjoys a highly visible location on Route 122 (Mendon Road), enhanced by a prominent street sign pylon. Ample parking is available for tenants and visitors. The interior offers approximately 3 furnished private offices, a dedicated conference room, a well-equipped kitchen, and a full bathroom. A large, open "bull pen" area provides flexible workspace. The property's convenient access to I-295 makes it an ideal location for a variety of professional services, including legal, accounting, medical, dental, and chiropractic practices. Note that two additional furnished offices are also available for lease at a separate rate of $550 each. The zip code is 02864. This property is located in Providence County. The building is well-maintained and presents a strong opportunity for immediate occupancy and revenue generation. The property's location and features make it an attractive option for businesses seeking a prominent and accessible location in Cumberland, Rhode Island.

• CAP approach

  CAP return

  Valuation

  6%

  $1,518,886

  6.5%

  $1,402,048

  7%

  $1,301,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,200,373

  Geo Method

  $1,200,373

• Alternative Use

  Use

  Valuation

  Residential

  $1,738,540

  Hospitality

  $1,592,493

  Educational

  $1,324,936

  Medical

  $1,370,502

  Retail

  $2,061,011

Location Insight

City

Cumberland

County

Providence

State

Rhode Island

Latitude

41.9533

Longitude

-71.4427

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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